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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2013
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

7.       BUSINESS SEGMENTS

 

 

 

Three Months
Ended
September 30, 2013

 

Three Months
Ended
September 30, 2012

 

Nine Months
Ended
September 30, 2013

 

Nine Months
Ended
September 30, 2012

 

U.S. sales

$

7,350,342

$

7,157,486

$

17,855,657

$

19,943,687

 

North and South America sales (excluding U.S.)

 

456,712

 

124,988

 

2,946,631

 

544,960

 

Other international sales

 

1,353,224

 

2,161,683

 

2,438,335

 

5,113,399

 

Total sales

$

9,160,278

$

9,444,157

$

23,240,623

$

25,602,046

 

 

 

 

September 30, 2013

 

December 31, 2012

 

Long-lived assets

 

 

 

 

 

U.S.

 

$

10,916,085

 

$

11,679,592

 

International

 

$

240,150

 

$

220,058

 

 

The Company does not operate in separate reportable segments.  The Company has minimal long-lived assets in foreign countries.  Shipments to international customers generally require a prepayment either by wire transfer or an irrevocable confirmed letter of credit.  The Company does extend credit to international customers on some occasions depending upon certain criteria, including, but not limited to, the credit worthiness of the customer, the stability of the country, banking restrictions, and the size of the order.  All transactions are in U.S. currency.